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New government measures to boost SMEs: €10M hiring fund and successful investment support program
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The Ministry of National Economy has earmarked a €10 million recruitment fund for businesses, and the investment support scheme seems to have attracted a large number of applicants, proving the usefulness of the plan.
Govt launches HUF 4.1bn scheme to boost headcount at SMEs
On Monday, State Secretary for Employment Policy Sándor Czomba announced the launch of a EUR 10m (HUF 4.1bn) program to support capacity expansions and new hires at SMEs.
Businesses may apply for up to almost EUR 6,200 (HUF 2.5m) per new hire –who must be jobseekers — to cover part of payroll costs and spending on equipment. The subsidies are for a period of six months, but applicants must pledge to keep the new hires employed for at least a year. Czomba said the program, with an application deadline of February 14, could support 1,700 new hires. During the previous phase of the scheme, he noted that some 560 SMEs had received support for close to 3,000 hires.